StockNews.com Initiates Coverage on Territorial Bancorp (NASDAQ:TBNK)

Research analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the company. Piper Sandler raised Territorial Bancorp from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $8.00 to $8.50 in a report on Tuesday, May 7th. Keefe, Bruyette & Woods lowered their price objective on Territorial Bancorp from $10.00 to $9.66 and set a “market perform” rating on the stock in a research report on Tuesday, May 14th.

Territorial Bancorp Trading Down 1.2 %

Territorial Bancorp stock opened at $9.74 on Tuesday. Territorial Bancorp has a one year low of $6.85 and a one year high of $14.50. The business’s fifty day moving average is $8.21 and its 200 day moving average is $8.63. The stock has a market capitalization of $86.00 million, a PE ratio of 38.96 and a beta of 0.61. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.86.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Friday, May 3rd. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The company had revenue of $9.35 million during the quarter, compared to the consensus estimate of $9.86 million. Territorial Bancorp had a return on equity of 0.89% and a net margin of 3.06%. On average, sell-side analysts predict that Territorial Bancorp will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Territorial Bancorp

Several institutional investors have recently made changes to their positions in TBNK. International Assets Investment Management LLC increased its holdings in Territorial Bancorp by 1,015.0% during the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 33,495 shares during the period. White Pine Capital LLC increased its stake in shares of Territorial Bancorp by 61.1% during the fourth quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after buying an additional 19,245 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 2,801 shares in the last quarter. Institutional investors own 50.35% of the company’s stock.

About Territorial Bancorp

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.